THE METHANE HYDRATE RESOURCE, AS A GEOPOLITICAL AND ENERGY ELEMENT FOR CHILE

Abstract

This article argues that the so-called “methane hydrates” will be a particularly relevant element for the future Chilean geopolitical and energy scenario. In this regard, it should be pointed out that it is little known in Chile that there are huge reserves of this resource on the ocean floor in our territory, ranging from the Valparaíso area to Patagonia.

However, for the extraction and conversion of these hydrates into natural gas, there are still some environmental and operational cost challenges. Although there are already cases of successful large-scale exploitation (for example, China and Japan). Consequently, we propose the inclusion of “Methane Hydrates” as a strategic resource in national energy planning. From this point of view, it is estimated that this resource can provide a safe and clean alternative –by applying clear environmental regulations and efficient technology– to supply the domestic market. And why not, also for supplying the foreign market in view of the enormous order of magnitude of reserves.

In sum, the main objective of this work will be to review –in view of the national geopolitical framework– the possible contribution of this element to Chile’s strategic energy planning. And, according to this, we will establish some advantages and challenges that this would entail.